The Taiwanese electronics giant Foxconn is reportedly in talks with the Indian government to set up an electric vehicle (EV) factory in the country. Foxconn is a major supplier to Tesla and other automakers, and its entry into the Indian EV market would be a major boost for the industry.
The talks between Foxconn and the Indian government are still in the early stages, but the company has reportedly expressed interest in setting up a factory in the southern state of Tamil Nadu. The factory would produce electric vehicles for both domestic and export markets.
Foxconn’s potential entry into the Indian EV market comes at a time when the country is looking to accelerate its transition to electric vehicles. The Indian government has set a target of 30% electric vehicle sales by 2030, and it is offering a number of incentives to automakers who invest in the EV market.
Foxconn’s entry into the Indian EV market would provide a much-needed boost to the country’s efforts to transition to electric vehicles. The company has a proven track record of manufacturing EVs, and its entry into the Indian market would help to attract other automakers to the country.
The potential for Foxconn to set up an EV factory in India is good news for the country’s EV industry. The company’s expertise and experience would be a valuable asset to the Indian EV market, and its entry into the market would help to accelerate the country’s transition to electric vehicles.